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Costa Rican port

Monday, August 25, 2014

An activity this week could signal the beginning of the development of a new port, as well as other businesses in Limon on the Caribbean coast of Costa Rica.

It involves a fair for investors, chaired by President Luis Guillermos Solis and three ministers, which will also include representatives of the company APM Terminals, which three years ago won the tender to build a container port, with an investment of $500 million in the first phase, along with a concession to operate it for 33 years.

The confirmation of the project is still pending an appeal to the judicial system of Costa Rica, whose decision is expected in the next 15 days.

However, the presence of senior State officials could indicate that the project will be approved.

Netherlands-based APM is the world's largest port operator, with terminals in 39 countries.

It is a subsidiary of Denmark’s Maersk, the world’s biggest cargo shipper.

With the presence of an operator of this magnitude, Limon could attract other logistics companies as well as various types of businesses, such as local transportation, storage, call centers, light manufacturing and tourism.